What the Israel-Iran conflict means for the oil market
ANZ Senior Commodity Strategist Daniel Hynes breaks down three potential scenarios concerning the Israel-Iran conflict's impact on the oil market.
'Certainly, tensions have ratcheted up over the past week,' Mr Hynes told Sky News Business Reporter Edward Boyd.
'We've sort of broken it down into three main scenarios: one being we get an extended conflict where Israel and Iran exchange missiles, but we don't see any sort of major supply disruptions.
'Things could escalate, and that would certainly bring greater risk to the oil market – we'd potentially see a huge amount of supply at risk, particularly through the Strait of Hormuz.
'The final scenario being that the conflict essentially subsides.'
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What the Israel-Iran conflict means for the oil market
ANZ Senior Commodity Strategist Daniel Hynes breaks down three potential scenarios concerning the Israel-Iran conflict's impact on the oil market. 'Certainly, tensions have ratcheted up over the past week,' Mr Hynes told Sky News Business Reporter Edward Boyd. 'We've sort of broken it down into three main scenarios: one being we get an extended conflict where Israel and Iran exchange missiles, but we don't see any sort of major supply disruptions. 'Things could escalate, and that would certainly bring greater risk to the oil market – we'd potentially see a huge amount of supply at risk, particularly through the Strait of Hormuz. 'The final scenario being that the conflict essentially subsides.'
